Residents in NSW can now access zero-interest loans of up to $15,000 to fund lower energy upgrades to their homes, aimed at slashing bills and taking pressure off the grid.
Ahead of next week's state budget, the NSW government announced on Wednesday that a $557 million Home Energy Saver program would help fund major energy upgrades, including rooftop solar and home batteries, for low to middle income families.
Loans can also be accessed for basic home improvements such as insulation, reverse-cycle air conditioning, switchboard upgrades, ceiling fans and draught-proofing.
The means-tested program will only be available to households with a combined taxable income of up to $210,000 and is expected to benefit more than 32,000 families.
The scheme aims to recognise that while energy-efficient upgrades cut costs in the long run, upfront costs have locked many households out.
